MOV.AI Raises $3 Million in Seed Funding From Viola Ventures and NFX

By AIT News Desk On Aug 7, 2018

MOV.AI is developing the first industry-grade Operating System for autonomous intelligent collaborative robots for large-scale commercial deployment

MOV.AI announced today that it raised $3M in seed funding to develop the first industry-grade O/S for autonomous intelligent collaborative robots. As such, MOV.AI is creating an ecosystem where developers, integrators and manufacturers collaborate to produce smarter robots on a large scale for operation and production lines.

The round was led by Viola Ventures (www.viola-group.com), Israel’s leading technology investor with over $2.8 billionassets under management, and NFX (www.nfx.com), a San Francisco based venture firm founded by entrepreneurs who previously started 10 companies with exits over $10 Billion.

MOV.AI, is a ROS compatible operating system, which enables industry-grade deployment of autonomous robot fleets. It decouples hardware from software, simplifies R&D and field implementation processes, thus making robot automation affordable for all.

The unique features, including easy mapping, robust and autonomous navigation, obstacle avoidance, cloud-based software-distribution, compliance with safety and cybersecurity’s best practices and modern end-user interface, facilitate easy customization making autonomous collaborative robots a commercial reality.

The main target audiences of MOV.AI are manufacturers of material handling equipment, automation integrators, and other collaborative robot manufacturers.

Limor Schweitzer, Founder & CEO of MOV.AI stated: “At MOV.AI, we have made it our mission to contribute to a world where intelligent robots perform most of the common physical tasks, which will free humankind to be more creative & productive, and enable faster market scalability. In other words, with the backing of Viola Ventures and NFX, we will be able to transform human operated mobile machines into autonomous robots that work safely together with people and other robots in any environment at all scalable levels.”

Ronen Nir, General Partner at Viola Ventures added: “MOV.AI is creating a truly transformative product, bringing software development best practices to the fast growing robotics industry. We are happy to partner with MOV.AI’s talented team and support them, since we believe that the impact and potential value of MOV.AI’s ecosystem will gain traction as more large customers, distributors and developers come on board.”

Gigi Levy-Weiss, managing partner at NFX added: “MOV.AI is leveraging its in-depth technological aptitude and years of hands-on experience in robotics R&D to bring the commercialization of robotics to the market. This way, the company is reshaping the industry and has the potential to build a huge business. As such, we are proud to invest is such a promising startup.”

MOV.AI is already seeing traction in the EU, APAC and the US. Based on pilot projects with large automation integrators and industrial operators, the impact and potential value of MOV.AI’s ecosystem is already evident.

$3 Million MOV.AI news